Global Phototherapy Equipment Market Affected Analysis by COVID 19 on industry with Leading Players like:Atom Medical Corp. , nice Neotech Medical Systems Pvt. Ltd., National Biological Corp., Solarc Systems Inc

Phototherapy equipment market is registering a substantial CAGR of 6.02 % in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in the market can be attributed to the rising increase in neonatal jaundice occurrence, increasing number of premature and low-weight birth and increase in skin disease.

The market insights and examination about medical device industry, performed in this solid Phototherapy equipment statistical surveying report depend on SWOT investigation on which organizations can depend confidently. The report contains the insights concerning market investigation, market definition, market division, key advancement zones, serious examination and exploration procedure. With the particular and best in class data gave in this report, organizations can get thought regarding the kinds of buyers, consumer’s demands and inclinations, their points of view about the item, their purchasing expectations, their reaction to specific item, and their differing tastes about the particular item which is now present in the market.

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Few of the major market competitors currently working in the global phototherapy equipment market are General Electric, Signify Holding. , Natus Medical Incorporated., Phoenix Medical Systems (P) Ltd, Atom Medical Corp. , nice Neotech Medical Systems Pvt. Ltd., National Biological Corp., Solarc Systems Inc, Hospital Supply Company Pvt. Ltd., The Daavlin Company., Endodoctor GmbH. Hospital and Homecare Medical Devices Co. LTD , Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Kernel Medical Equipment Co.,LTD. VirtualExpo Group , Olives India., Healicom Medical Equipment Co Ltd., DermNet New Zealand Trust., avihealthcare, Krupa Medi Scan, Korrida Medical Systems, among others.

Market Drivers

Increasing neonatal jaundice occurrence is driving the growth of the market
The number of premature and low-weight births is increasing which is propelling the growth of the market
Increased skin disease rates is boosting the growth of the market,
Launch of technologically advanced phototherapy equipment and growing led-based phototherapy equipment implementation is contributing to the growth of the market

Market Restraints

High utilization of additional treatment methods is hampering the growth of the market
Strict FDA supervisory guidelines for the sanction of new devices is restricting the growth of the market

Product recollection is hindering the growth of the market

Key Developments in the Market:

In August 2019, Safaricom Foundation introduced an infant Sh8 million unit. It helps to enhance motherly and neo-natal healthcare services in the Lamu by installation of new incubators, newborn baby oxygen masks, a phototherapy unit, and digital equipment. This facility ensures better healthcare for Lamu residents.
In March 2019, Aesthetic Technology Ltd announced the launch of Tri-Wave MD and the Flex, designed for photodynamic therapy. That device supplies all three wavelengths at an enhanced optical power concurrently. The Flex has also delivered the same feature as Tri-Wave MD deliver but it can also use on face and body. The innovations associated with these products will help the company capture a greater market share and expand its presence in the phototherapy equipment offerings

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Segmentation: Global Phototherapy Equipment Market

By Product

CFL Phototherapy
LED Phototherapy
Others

By type

Conventional Phototherapy Equipment
Conventional Phototherapy Equipment With Fluorescent Lamps
Full-Body Phototherapy Equipment
Partial-Body Phototherapy Equipment
Conventional Phototherapy Equipment With Compact Fluorescent Lamps
Led-Based Phototherapy Equipment
Fiber-optic Phototherapy Equipment

By Disease Indication

Neonatal Jaundice
Skin Diseases
Psoriasis
Eczema
Other Skin Diseases
Others

By End User

Hospitals
Clinics
Home Care Settings

By Geography

North America
Europe
Asia-Pacific
South America
Middle East and Africa

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